Postal Savings Schemes are a range of financial products provided by the postal department, designed to encourage savings among citizens. These schemes offer assured returns and are backed by the government, making them a safe investment choice.

Types of Postal Savings Schemes

Post Office Savings Account

• Regular savings account with attractive interest rates.
• Minimum balance requirement is low.

National Savings Certificate (NSC)

• Fixed income investment scheme with a maturity period of 5 years.
• Offers tax benefits under Section 80C.

Public Provident Fund (PPF)

• Long-term savings scheme with a tenure of 15 years.
• Interest earned is tax-free.

Kisan Vikas Patra (KVP)

• Doubles the investment amount in a predetermined period.
• Suitable for long-term investments.

Senior Citizens Savings Scheme (SCSS)

• Specifically for individuals aged 60 and above.
• Provides regular income with a higher interest rate.

Sukanya Samriddhi Yojana (SSY)

• Savings scheme for the girl child.
• Offers high interest rates and tax benefits.

Monthly Income Scheme (MIS)

• Provides a steady monthly income.
• Ideal for retirees and individuals seeking regular returns.

Features of Postal Savings Schemes

Government-Backed Security

• Ensures safety and reliability of investments.

Attractive Interest Rates

• Offers competitive returns compared to other savings instruments.

Tax Benefits

• Many schemes qualify for deductions under Section 80C and other tax exemptions.

Flexibility

• Various schemes with different tenures to suit individual needs.

Ease of Access

• Available at all post offices across the country, making them easily accessible.

Low Risk

• Ideal for risk-averse investors looking for secure investment options.

Nomination Facility

• Allows investors to nominate beneficiaries for their investments.

Postal Savings Schemes are perfect for individuals seeking secure and guaranteed returns on their investments. With a variety of options to cater to different financial goals, these schemes ensure your savings grow safely and steadily. Start investing in Postal Savings Schemes with JK Financial Services and secure your financial future today.